$ETH began the 24-hour session around $2,576 in early Asian trading and briefly dipped to $2,562 on light volume. It then saw buying interest surge around 21:00 UTC on June 9 as turnover topped 436,000 coins, according to a Research's technical analysis model.
A second wave of demand just before 11:00 UTC on June 10 drove ETH through the $2,700 barrier to a 24-hour high of $2,783.
On-chain fundamentals also bolster the bullish case: staked ether recently reached a record 34.65 million tokens — locking up roughly 28.7 percent of supply — and may tighten bids around current support near $2,720.
Ether staged two volume-backed breakouts: first above $2,600 on June 9 (436K ETH traded), then above $2,700 on June 10 (560.9K ETH).
A clear series of higher lows and higher highs underpins a strong uptrend from $2,562 to $2,783.
A high-volume supply zone now sits at $2,796, marking near-term resistance.
A double-bottom formed between $2,720–$2,740 may support consolidation before the next leg higher